Mission StatementThe Foundation exists solely to assist, support and foster Virginia Commonwealth University in all proper ways that may from time to time be approved by the trustees of the Foundation with the guidance of the university.

Citizens' Foundation of the Richmond Professional Institute Inc., the RPI Foundation

1968

Financial Summary

Revenue vs Expense Bar Graph - All Years

Expense Breakdown Bar Chart - All Years

Projected Revenue$689,600.00

Projected Expenses$689,600.00

Statements

MissionThe Foundation exists solely to assist, support and foster Virginia Commonwealth University in all proper ways that may from time to time be approved by the trustees of the Foundation with the guidance of the university.

Impact

Grew the number of Heritage Society (planned giving donors) by greater than 10%.

Increased investment income by 24%.

Grew the endowment by more than $8 M in new gifts and pledges.

Goals:

Grow the endowment by $10M in new gifts and pledges.

Launch a planned giving strategy for the Monroe Park Campus.

Increase membership in the Heritage Society by 10%.

NeedsThe VCU Foundation top funding priorities include endowed student scholarships, endowed faculty professorships and chair positions. The foundation is also assisting schools and units on the Monroe Park Campus with fund raising for important capital projects including the Institute for Contemporary Art, the Rice Center Research building, a new basketball practice facility and VCU Libraries. The foundation focuses its efforts on supporting the school or unit projects with both volunteer and staff support.

Background

The VCU Foundation (formerly the VCU Fund) was originally founded in 1917 as the Citizen’s Foundation of the School of Social Work and Public Health. In May 1989, the VCU Fund’s Articles of Incorporation were amended and restated to change the name to the VCU Foundation. The Foundation solicits, manages and distributes current and endowment gifts for all schools, departments and programs throughout the university with major emphasis on programs for the Monroe Park Campus. The Foundation also has been used to acquire certain properties on behalf of the university.

The Foundation is governed by an independent Board of Trustees. The university rector and president serve as ex-officio trustees of the Foundation. The university’s development officer and financial officer serve as secretary and treasurer, respectively, to the Foundation.

Areas of Service

Areas Served

Area

National

Metro Richmond

Tri-cities Region

Statewide

Richmond, City

Chesterfield County

Goochland County

Hanover County

Henrico County

Charles City County

New Kent County

Board Chair

Board ChairMs. Carol McCoy

Company AffiliationRetired

TermJuly 2016 to June 2018

Emailcmccoy4602@hotmail.com

Board of Directors

Board Members

Name

Affiliation

Mr. Neil Amin

Shamin Hotels, Inc

Mr. Thomas Benedetti

Blue Heron Capital

Mrs. Page W. Bond

Page Bond Gallery

Mr. Jay Bonfili

Virginia Commonwealth University

Mr. Thomas C. Burke Jr.

VCU Foundation

Mr. John Fain

UPS Ground Freight, Inc.

Mr. Brian Fowlkes

Virginia Commonwealth University

Mr. Timothy A. Graf

Virginia Commonwealth University

Mr. John (J.T.) Grier

Virginia Retirement System

Ms. Hattie W. Hamlin

First Tennessee Bank

Mr. Mark D. Hansan

Care Metx, LLC

Mr. John Jacoby

Community Volunteer

Dr. Robert Marchant

Retired

Mrs. Elizabeth A. Mason

Hoboken City Council, NJ

Ms. Carol McCoy

Retired

Ms. Collette W. McEachin

City of Richmon

Ms. Gail Moskowitz

Self Employed

Mr. Joe Nadder

Dixon Hughes Goodman LLP

Mr. Kevin Nicholson

RiverFront Investment Group

Dr. Michael Rao

Virginia Commonwealth University

Ms. Cathy Saunders

Long & Foster Real Estate

Mrs. Tracy Kemp Stallings

HCA CJW Medical Center

Mr. Bradford Welles

Deloitte

Ms. Patricia Wilkerson

Community Volunteer

Mr. Madison Wootton

Frontier Investment Group of BB&T Scott and Stringfellow

Board Demographics - Ethnicity

African American/Black2

Asian American/Pacific Islander1

Caucasian16

Hispanic/Latino0

Native American/American Indian0

Other0 0

Board Demographics - Gender

Male11

Female8

Governance

Written Conflict of Interest Policy?Yes

Percentage Making Monetary Contributions100

Number of Full Board Meetings Annually4

Other Boards

The tables below contain information about other groups that advise this nonprofit on operations and projects.

Comments

The foundation has 27 board member slots; currently, we have only 19 board members, not including ex officio members.

The VCU Foundation is committed to enhancing the mission and vision of the University. The VCU Foundation will do this by supporting the academic units located on the Monroe Park Campus. The VCU Foundation will assist with securing, managing and distributing private funds for the College of Humanities and Sciences, the schools of Education, Mass Communications, Social Work and the Arts. The VCU Foundation will also support athletic programs, assist with fund-raising efforts for the Inger and Walter Rice Center for Environmental Life Sciences, and work to bring new and needed support for the Honors program.

Campaign PurposeThe largest fundraising campaign in VCU’s history, The Make It Real Campaign for VCU funds the critical initiatives that will become points of distinction for VCU long into the future, touching every aspect of VCU: students, alumni, faculty and staff, patients, caregivers, researchers, schools, libraries, centers and institutes, athletics and the community here in Richmond and far beyond.
Attract, support and retain the finest students and faculty through scholarships, professorships and endowed chairs. Provide students with purposeful, hands-on learning and living experiences and faculty with support for start-up research ideas.
VCU's Campaign focuses on three major areas:
PEOPLE
Attract, support and retain the finest students and faculty through scholarships, professorships and endowed chairs. Provide students with purposeful, hands-on learning and living experiences and faculty with support for start-up research ideas.
INNOVATIONS
Create new interdisciplinary partnerships and centers of excellence to offer students and faculty the right environments for meaningful research and learning experiences that will expand the university’s ability to solve complex local and global challenges through inquiry and discovery.
ENVIRONMENTS
Provide world-class facilities, equipment and materials to expand the university’s research capacity. Increase the impact and sustainability of VCU’s community partnerships and its resources in education, health and workforce development.

Organization Comments Direct operating expenses total $398,600. Grants to VCU for internal support and campaign support is an additional $291,000. If we include the distribution of funds to scholarship accounts as part of our expenses, the total is $6,323,360.